Tuesday, March 21, 2006

Credit or debit?

Damn the devil.

In a dramatic move before the mid-term elections, your boys in the Senate recently approved a bill which will raise the Federal Debt Limit to $9 trillion. This bill will allow for the government to pay for high costs of war, Medicare, and other expensive programs without raising taxes. Instead, these funds are going to continue to be a product of TONS of borrowing. So, rejoice and be glad people! You won't see any of these expenses deducted from your paychecks by way of taxes!

Why, then, am I not excited about this?

I don't know. I think it may have something to do with the estimated $30,000 of debt that this fiscally irresponsible move will create for every single person in this country. That's right. $30,000. That's a Cadillac.

Each of our grandchildren will owe the government a Cadillac.

On the one hand, I accept the fact that this was a messy solution to an incredibly intensified problem. If the government doesn't borrow more money now, then it seriously runs the risk of defaulting on all of its Treasury Bonds; the first time in history that this would ever have happened. So, to some extent, the end justifies the means. But, if we want to avoid indebting the government any further, how 'bout we just stop spending so much frickin' money on pointless things?! This silly war is costing us a fortune while little, if any progress is even being made. Are the mass killings and rampant insurgency attacks an indication of an improved Iraq?! I mean, what's wrong with your blitheringly idiotic president?! Most of this nonsense is his fault anyway.

I guess that what bothers me most is the fact that our nation is facing its largest deficit in history, and all we have to show for it is even more chaos in the Middle East. It sort of reminds me of the "My (friend or relative) went to (name a cool place) and all I got was this lousy T-shirt" message that I see on t-shirts now-a-days. With all of this money being spent, every school in this country should be state-of-the-art, every family should have health insurance, and every person should be off the streets. Why haven't our nation's financial investments done anything to actually add value to our nation?!

Would any of you max out all of your charge cards and destroy your credit to buy a car; add expensive accessories, toys and gadgets; buy gas; and pay for maintenance, only to watch it depreciate over time?! Why should the government be allowed to do so with Iraq?! Oh! That's right. We have a "war president", instructed by God Himself to liberate Iraq. How could I forget?

Silly me...

- ACL

4 "Insiders" spoke their mind. Join in...:

randy said...

Isn’t this lovely? And coming from the same party that introduced the balance budget amendment, too!

Makes you proud to be an American, where you’re free to mortgage the future of your children, your grandchildren, and their children’s children.

josh said...

Instead of blaming Bush and Republicans, why don't you try to look at all the positive things that have come out this campaign. For the first time in history we've been able to launch a SUCCESSFUL war without it burdening the taxpayers. What are you whining about?!

thehc said...

Hey Andre,
You couldn't be more right about this one. My biggest beef with Bush is his lack of fiscal responsibility. The numbers are staggering. We are truly mortgaging our children's future.

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